UPDATE: Chiesi Pleads Guilty, Won’t Cooperate Against Rajaratnam

Jan 19 2011 | 9:09pm ET

A key figure in the Galleon Group insider-trading case has pleaded guilty, netting prosecutors their 15th guilty plea in the massive investigation.

Danielle Chiesi, until last month the co-defendant of Galleon founder Raj Rajaratnam, said she was “deeply ashamed” of passing on confidential tips and trading on them at hedge fund New Castle Partners.


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